Received a Gift From Parents Abroad? U.S. Form 3520 Reporting Rules, Deadlines and Penalties
A genuine gift from parents overseas generally is not U.S. taxable income. However, a U.S. person may need to report it on…
Read the guide →Form 1099-K for Tax Year 2026: Payment-App Reporting Thresholds, Personal Sales and Taxable Income
Not all amounts listed on Form 1099-K are necessarily taxable. Likewise, business income is not tax-free simply because you do not receive…
Read the guide →Form 1040-X: How to Amend Your 2025 U.S. Tax Return, Claim a Refund and Pay Additional Tax
Form 1040-X, Amended U.S. Individual Income Tax Return, may be required if you find an error after filing your 2025 U.S. federal…
Read the guide →U.S. Estimated Tax Payments for 2026: January 15, 2027 Deadline, Form 1040-ES and Penalty Rules
The fourth estimated federal tax payment for tax year 2026 is ordinarily due January 15, 2027. It belongs to your 2026 taxes,…
Read the guide →Missed the October 15, 2026 IRS Extension Deadline? How to File Late, Pay Tax and Request Penalty Relief
Missing the IRS extension deadline does not mean you cannot file your return. File your overdue 2025 federal income tax return promptly,…
Read the guide →How to File ITR Online in India: Income Tax Return Filing Guide for AY 2026-27
Learn how to file ITR online for AY 2026-27, select the correct ITR form, reconcile AIS and Form 26AS, report income and…
Read the guide →Form 26QB and New Form 141 Difference: Property TDS Rules from 1 April 2026
Understand the difference between old Form 26QB and new Form 141 for property TDS from 1 April 2026, including Schedule B, due…
Read the guide →FAST-DS 2026: Foreign Assets and Income Disclosure Scheme for Small Taxpayers Explained
Understand FAST-DS 2026 eligibility, ₹1 crore and ₹5 crore limits, 60% payment, ₹1 lakh fee, valuation rules, forms and the 31 December…
Read the guide →How Long Should You Keep Income Tax Records in India? ITR Documents and 7-Year Rule Explained
Learn how long to retain ITRs, Form 16/Form 130, AIS, TIS, bank statements, investment records, property papers and business tax documents in…
Read the guide →Original vs Belated vs Revised vs Updated ITR: AY 2026-27 Deadlines and Fees
Compare original, belated, revised and updated income tax returns for AY 2026-27, including deadlines, Section 234F and 234-I fees, and ITR-U restrictions.
Read the guide →Bank Transaction Limits 2026: 10 Income Tax Rules for Cash, FD, Credit Cards and Property
Understand the 2026 reporting and TDS limits for cash deposits, current-account transactions, fixed deposits, credit-card payments, property, stamp paper and large cash…
Read the guide →Belated ITR Filing AY 2026-27: Late Fee, Due Dates, Tax Regime and Rules After Deadline
Belated ITR rules for AY 2026-27: applicable original due dates, 31 December deadline, Section 234F fee, old-regime restrictions, interest and online filing…
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